Overview
If you’re a homeowner in Harrington Park, New Jersey, you may be missing out on a significant opportunity to save money by not having solar panels installed on your home. By analyzing weather data and electricity costs specific to our area, it becomes clear that investing in solar power can lead to substantial financial benefits in the long run. In this article, we will break down the costs of a solar system, estimate the time it will take to break even, and show you why going solar is a smart decision for your wallet.
Harrington Park New Jersey Weather Trends
Harrington Park Precipitation
With Harrington Park receiving 71.73 inches of precipitation in the last year, it is evident that our area sees above-average rainfall. Compared to the rest of the country, Harrington Park is in the 91st percentile, while in New Jersey, it falls in the 86th percentile. By harnessing this abundant natural resource, residents can benefit from a reliable source of water for their solar panels, which helps in maximizing energy production.
Harrington Park’s UV Rating
Having an average UV rating of 3.99 in the last year, Harrington Park enjoys moderate sun exposure. Compared to national and state averages, our area ranks in the 45th and 37th percentile, respectively. With an average max UV rating of 4.27, Harrington Park provides sufficient sunlight for efficient solar panel performance. By utilizing this natural resource effectively, homeowners can generate more electricity and reduce their reliance on the grid.
Harrington Park’s Cloud Cover
Despite having an average cloud cover of 47%, Harrington Park still offers ample sunlight for solar energy production. When compared to the nation and New Jersey, our area falls in the 64th and 81st percentile, respectively. With a significant number of days featuring clear skies, residents can expect consistent solar panel output throughout the year, leading to higher energy savings and a reduced carbon footprint.
Harrington Park New Jersey Electricity Costs
Residents of Harrington Park pay around $0.17/kw for electricity, placing the area in the 95th percentile nationally and the 64th percentile within New Jersey. While electricity costs in our state are slightly higher than the national average, investing in solar panels can help homeowners offset these expenses over time. By generating their electricity, residents can protect themselves against rising electricity prices and enjoy long-term savings on their energy bills.
When could you expect to break even on a solar installation in Harrington Park New Jersey?
Considering the weather and electricity costs in Harrington Park, New Jersey, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Harrington Park gets more precipitation than the national average, but it still receives enough sunlight for solar panels to be effective.
- The UV ratings in Harrington Park are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Harrington Park is slightly higher than the national average, with varying levels throughout the year.
Now, let’s consider the electricity costs:
- Residents in Harrington Park pay more for electricity compared to the national average.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, reducing the amount needed from the grid.
- With higher electricity rates in Harrington Park, the savings from using solar power are even greater.
After analyzing the data, it appears that it would take approximately 5 years to cover the initial cost of the solar panels. This means that after 5 years, the savings on electricity bills will start to accumulate and pay off the investment. Since solar panels have a long lifespan, you will continue to benefit from these savings for many years to come. Investing in solar power is a smart way to save money and contribute to a cleaner environment!
Investing in solar power in Harrington Park New Jersey
Investing in solar power in Harrington Park, New Jersey, is a wise decision for homeowners looking to save money in the long run. By harnessing the abundant natural resources of our area, such as above-average rainfall and sufficient sunlight, residents can generate more electricity and reduce their reliance on the grid. With electricity costs higher than the national average, investing in solar panels can help offset these expenses over time. After analyzing the data, it is clear that it would take approximately 5 years to break even on the investment in solar panels. This means that after 5 years, the savings on electricity bills will start to accumulate and pay off the initial cost. By going solar, homeowners are not only making a smart financial decision but also contributing to a cleaner environment for many years to come.